Kurt Said:

what is the best place to get student loans for a first year graduate student with bad credit?

We Answered:

Student loans are available with a wide range of lenders. Many students are finding themselves tough while going for a higher education. The flagrant cost of the higher education is one of main factors that are impeding the chances of your higher education. Since, education is the sole and one of the important tools for your personal development; it can not be ignored-all.To help you paying efficiently the huge cost of the higher education, now, student loans have been made into provision. You can avail these loans to meet the cost of your tuition fees as well as paying off other bills related to your education. You may be helped from the government agencies as well as from private players.

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From among the private lenders, the online lenders are those one that are known for the simple and fast processing. You can contact a number of such lenders online with their different loan quotes. An online method helps you negotiate for the best deal out of the available options and also make your approval faster. Students can obtain the education loans either with secured or unsecured form. Secured loans require pledging of an asset from the borrowers. Whereas, unsecured form has nothing such obligation. The secured form has a lower interest rate, whereas, with the unsecured one, it is somewhat higher

Max Said:

Are student loans debit just as bad a credit card debt?

We Answered:

Him. Most student loans are federally backed.

The government will get their money...they will seize his federal income tax returns. Even if the loans that are private loans, or Federal they are not allowed to be discharged in bankruptcies.

Jamie Said:

Getting a student loan with bad credit?

We Answered:

Apply through the school and get a government backed Stafford loan. Payments are not due until 6 months after you graduate and the interest rate is low

Lester Said:

Private summer student loans with bad credit but with co-signer ...?

We Answered:

Don't take out a Private Student Loan. EVER. They are Evil, have high interest rates, substandard terms, all require a credit check or a cosigner. Not to mention those elusive"Fees" they will charge you. Take out a federal student loan instead. Perkins and Subsidized Stafford are the best, but even a Unsubsidized is better than a Private.

3,000 for the summer? Are you sure that is right? Full time summer semester is only 6 credit hours... that's 2 classes. Save up some money and don't do loans for your tuition if you don't want to do federal loans. You might take those summer classes at a community college if you are still doing your general ed to get that cost down. Just some suggestions.

Peggy Said:

private student loans with bad credit and no-cosigner??

We Answered:

Unfortunately, there is no such thing as a private loan that does not require credit-worthiness or a co-signer that is. Here is the reasoning behind this:

Federal Student Loans do not require a credit check or co-signer because the loans are federally guaranteed. This means that the federal government has guaranteed to the lender that, if the borrower defaults on the funds, the federal government will repay the loan instead, in which case you would then owe the government instead (which is not a good thing, by the way!) Because there is no risk involved in lending to you on a federally guaranteed loan, there is no credit needed.

On private loans, the lender is taking a risk in lending to you because they are counting on you to be able to pay it back. On private loans, there will be no one else responsible that will step in and ensure that the lender receives the money back, so they need to be shown your ability to repay through your credit-worthiness or that of a co-signer. And that's the bottom line.

If you do happen to find a loan that claims that it will lend to people will bad credit, I would be extremely hesitant to take out such a loan. This indicates a completely outrageous interest rate or loan terms that are going to make it very difficult to actually repay. This can put you in a lot of financial trouble down the road. Whatever you do, please be sure to read every single word of any promissory note or contract that you sign to ensure that you are fully aware of the loan that you are getting yourself into BEFORE you sign a thing.

Lastly, you state "I have no job at the moment because of school." That is a horrible excuse for not working. Depending on private loans to pay for your personal expenses while attending school is one of the laziest and most financially irresponsible decisions you can make. While it may seem easier now, think about your future! You will be making things much more difficult for yourself down the road if you accumulate an excessive student loan debt unnecessarily. Having a high-interest loan to repay can prevent you from havnig the financial capability to buy a home, purchase a nice car, etc. in the future--it's just not worth it. While it may be difficult now, working to meet your living expenses while going to school is going to put you in a much better financial situation down the road. And it IS possible! I worked full-time while attending school more than part-time and managed to obtain my Bachelor degree with just a little over $5000 of federal student loan debt with absolutely no help from parents, and I am very happy with the financial decisions I made in funding my educational expenses.